BOME/USDT – 1H – BUYThe pair BOOK OF MEME/Tether (BOME/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 0.00081 is expected.
Caution: A possible counter-trend in the direction of the support level at 0.00075 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.
Besides a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.000835 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.00081 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00085 |
| 2nd High | 0.00082 |
| Next High | 0.00081 |
| Current Price | 0.000809000 |
| Next Low | 0.00075 |
| 2nd Low | 0.00037 |
| 3rd Low |
0.00081 – 0.00082 – 0.00085 – 0.00075 – 0.00076 – 0.0008 — 59.385860156252 – 61.666889415668 — 70.948351327692 – 82.200175080245 – 66.410197683574 – 71.203546068517
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Northern Doji – – –